Feb

11

Having returned home from visiting Chessbase in Hamburg yesterday, and having the privilege of being associated with two other successful businesses (Gambit, the World leader in chess book publication plus the Chair's shop), I noticed some similarities that I thought might be worth sharing. Whilst they are reminiscent of one of Jack Aubrey's commands, how many other businesses are there like these, and can it be formulated into an investment strategy? I imagine there are a few software producers and small biotech companies which share these characteristics, but how does one find them for investment purposes?

·    Everyone gets on with his job.
·    Whilst there are outstanding specialists in
particular fields, there is a certain degree of interchangability between roles.
·    There's an absense of office politics and little or no authoritarianism.
·    Nobody is counting the hours worked and several people work from home ('Gambit' is entirely virtual).
·    The atmosphere is distinctly low key.
 


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